KARACHI: The Spot Rate on Friday remained unchanged at Rs 17500 per maund. The Spot Rate remained unchanged at Rs 17500 per maund. The Polyester Fiber was available at Rs 250 per kg.

Cotton Analyst Naseem Usman told that the market remained bearish and the trading volume remained low. He also told that rate of quality cotton rate reached the highest level of Rs 18000 per maund while the rate of Phutti reached Rs 8800 per 40 kg.

He said rate of cotton in Sindh remained between Rs 14500 to Rs 18000 per maund and the rate of cotton in Punjab was registered at Rs 16500 to Rs 18000 per maund. The rate of the new crop of Phutti in Sindh remained between Rs 5500 to Rs 7,500 per 40 kg. While Phutti prices in Punjab were between Rs 5,500 to Rs 8300 per 40 kg.

Business activity improved on cotton market

Similarly, prices of cotton in Balochistan remained at Rs 15500 to 17,500 per maund while Phutti prices remained between Rs 6,300 to 6900 per maund, said Usman.

The rate of Banola in Sindh was between Rs 1600 to Rs 2000 per maund. While in Punjab, rates of Banola were between Rs 1,750 to Rs 2,200 per maund.

As many as 400 bales of Khair Pur were sold at Rs 16000 per maund and 600 bales of Bagho Bahar were sold at Rs 17800 per maund.

Copyright Business Recorder, 2021